Sceneca Residences 60% sold on first day !! The 268-unit Sceneca Residences at Tanah Merah sold an impressive 59.7% of all its units on 14th Jan 2023. This is following a two-week preview of the showroom that started on Jan 1 2023.
Sceneca Residence has sold a total of 160 units (about 59.7%) at an average price of $2,072 psf.
Sceneca Residence comprises two residential blocks of 14- and 15-storeys that will sit on top of Sceneca Square, a 20,000 sq ft mall featuring a mix of cafes, restaurants, shops and a 10,000 sq ft supermarket.
The project is also located near places of employment, such as the Changi Business Park, the Airport Logistics Park and Changi Airport, which makes it attractive for those who want to live close to their place of work.
As the first new project launch of 2023, Sceneca Residence’s performance sets the tone for the rest of upcoming new launches such as the 386-unit The Botany at Dairy Farm and the 271-unit Terra Hill in Pasir Panjang.
Sceneca Residences 60% sold on first day : One and two bedrooms at Sceneca Residences are all sold out
On the first day, the one- and two-bedroom units at Sceneca Residence were fully sold.
With sizes from 463 to 883 sq ft, one- and two-bedroom types make up 120 units in the development. Hence, they accounted for 75% of the 160 units sold.
Sceneca Residence would have even sold more units if it had a higher proportion of one- and two-bedroom types
Prices started from $958,000 for a one-bedroom unit and $1.33 million for a two-bedroom. As it is now difficult to find a one-bedroom apartment for under $1 million in the market today and buyers snapped up all the one-bedroom units.
The two-bedroom units were sold out as the quantum proved to be an attractive entry point for HDB upgraders.
Largest Penthouse was also sold on First Day
There are only four penthouses in the development, with sizes of 2,400 to 2,756 sq ft. The largest penthouse of 2,756 sq ft unit was among the units sold on launch day.
Singaporeans made up about 88.5% of the total number of homebuyers, with permanent residents and foreigners accounting for the remaining 11.5%.
